Bonum Certa Men Certa

Novell Investigated by Feds, Financial Report Postponed

We're back from a somewhat unfortunate downtime caused by heavy load (prominent inbound links after a linux.com podcast). We also got told off by the host for "getting that type of traffic". We're growing up fast and I'll need to find a solution. Hang on while the rest of the site returns to normal (some missing graphics).

In the mean time a lot has happened. The most major news about Novell has reached the front page of technology media, but also finance-oriented media.

Shares of Novell Inc. fell Wednesday after the software maker postponed fourth-quarter results amid a federal inquiry into its accounting practices.


Here is some more information. There are literally tens or hundreds of articles about this in the press.

While presenting the move as merely "an abundance of caution," Novell announced this morning that it is postponing its fourth-quarter earnings release and conference call that had been scheduled for today.

It seems that Novell and federal regulators have been going back and forth for four months now over some unspecified issues.


Also recall what happened in September. This was foreseen and this was even expected by some other Novell watchers. The last thing we wish to do is have fun at Novell's expense or resort to ridicule. The articles above present the story better.

The 451 Group appears to have connected the same dots as well. They usually get it right and they haven't any biases that favour anyone. Their blog is highly recommended for informative analysis and it talks about Novell's situation at the moment.

Groklaw's message regarding this issue: "[PJ: SCO has received SEC letters too, asking for information, that ended up easily resolved.]"

As hard as it may be (because of guilt), the boycott continues.

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